The Consumer Council says that the £500 million Northern Ireland (NI) car, contents and buildings insurance market is not working for consumers. On average, households here are shelling out a staggering £278 more per year compared to Great Britain (GB) – some pay as much as £695 more. The startling findings come today as the Consumer Council’s new research report into the cost of insurance in NI is launched by OFMdFM Junior Minister, Gerry Kelly, MLA. The Consumer Council is now calling for further investigation into why consumers are getting such a raw deal when it comes to buying insurance. They also cautioned that many households are not insured and stressed that consumers can make significant savings today by shopping around, even with the exorbitant prices.
- Consumer Skills
Water consumers have their say as the Consumer Council launches a research report “Tapping into Consumer Views on Water” today at the Canal Court Hotel, Newry (Friday 27 March 2009). Northern Ireland Water (NI Water) commissioned the Consumer Council to undertake the landmark research to find out what householders and businesses think of water and sewerage services and what their priorities are to make them better. The Minister for Regional Development Conor Murphy MP, MLA will help launch the report which shows that the number one investment priority for consumers is sewerage services.
The Consumer Council is helping to make young people confident and skilled consumers by holding two conferences today (Corr’s Corner Hotel, Newtownabbey) and tomorrow (Friday 13 March 2009, Tullylagan Hotel, Cookstown) to help Home Economics teachers prepare and deliver the new and more consumer focused A’ Level specification.
- Consumer Skills
The Treasury Select Committee today heard first hand from the Consumer Council how Northern Ireland consumers are being affected by the banking crisis. The Consumer Council outlined the immediate measures which it believes must be taken to build a properly regulated banking system that treats consumers fairly and fosters current and future public trust and confidence. The Consumer Council also stressed the need for an increased focus on building all consumers’ financial literacy and capability – an aim supported here through its unique Partnership with the Financial Services Authority (FSA) and other stakeholders.
- Personal Finances